Complaint Review: ALG Capital - Calabasas California
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- Author Confirmed
- ALG Capital 26707 Agoura Road, Suite 200 Calabasas, California U.S.A.
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- Category: Mortgage Companies
ALG Capital - Mortgage Fraud We were presented with phony loan docs, just like other folks (at least 3 or 4 others we know of) Calabasas California
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Just like many others that have been posting on the Internet (on answers.yahoo.com), we were presented with phony loan documents. When promised a 5.2% 30 year fixed interest rate loan (with no income verification), we actually got documents for a 3.5% loan ... too good to be true. The actual loan was for 6.5%. This same pattern has been repeated with the other cases I have been in contact with. If you have the same experience, contact (as I and others have) the : FBI, Dept of Corporations adn Dept of Real Estate. So far, I have only heard back from the Dept of Corporations, stating they will look into it.
The other victims were not as lucky as I was, in that I rescinded the loan the next day, after calling the lender and finding out what the real loan was.
Rickrice
Auburn, California
U.S.A.
This report was posted on Ripoff Report on 02/11/2008 07:01 PM and is a permanent record located here: https://www.ripoffreport.com/reports/alg-capital/calabasas-california-91302/alg-capital-mortgage-fraud-we-were-presented-with-phony-loan-docs-just-like-other-folks-308108. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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